Democratically elected leaders, forced to accommodate the real forces that shape their nation-state’s future—capital and the economic and military interests of more-powerful states—do so only to face the ire of their own citizens, who see themselves (perhaps rightly) as the losers of these compromises.]
I'm astonished at how readily a great many people I know, young people, have accepted a reduced economic prospect and limited freedoms in any substantial sense, and basically traded them for being able to screw around online.
Avoiding inflation is not an absolute imperative but rather is one of a number of conflicting goals that we must pursue and that we may often have to compromise.
A really great people, proud and high spirited, would face all the disasters of war rather than purchase that base prosperity which is bought at the price of national honor.
What I'm concerned about is endless borrowing, which is going to compromise our economy not only today but in the future. Because we know the decisions we make right now really dramatically impact us in the future, and the debt is literally getting out of our control.
I believe that in fact it would be economically reasonable and logical to reach a compromise [on oil production], I am sure that everybody understands this.
The mode of reconciling the promise of ever-increasing reward for the cadres and the demands of the working classes for a quid pro quo for their loyalty to the state was to offer the latter a small piece of the pie.
The bottom line is very simple. You negotiate on this, they will up the ante for the debt ceiling.
